Government spending Archives

Finance Ministry backs off UGX481 billion questionable BoU recapitalization

Thembo Kahungu MisairiBanking & Financial Services The Big StoryApril 19, 2021April 19, 2021

When the Ministry of Finance tabled the Budget Framework Paper (BFP) for the Financial Year 2021/2022, there was one item that raised alarms with most of the Members of Parliament…

Cash-strapped Kasaija, trims 2021/22 budget by UGX4.36 trillion; plans to raid Petroleum Fund for UGX200 billion to patch holes in his pockets

Thembo Kahungu MisairiThe Big StoryApril 19, 2021April 19, 2021

Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED) has trimmed down government planned expenditure for the Financial Year 2021/22 by at least UGX4.36 trillion, indicating anticipated failure to meet…